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Share Name Share Symbol Market Type Share ISIN Share Description
Global Invacom Group Limited LSE:GINV London Ordinary Share SG2E91982768 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 7.00 6.00 8.00 7.00 7.00 7.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 61.0 -0.0 0.0 - 18

Global Invacom Group Limited Response to Shareholder AGM Questions

27/04/2021 10:20am

UK Regulatory (RNS & others)


Global Invacom (LSE:GINV)
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RNS Number : 7175W

Global Invacom Group Limited

27 April 2021

Global Invacom Group Limited

("Global Invacom", the "Company" or the "Group")

Response to Questions Received from a Shareholder

in Relation to the Annual General Meeting

Singapore/London, 27 April 2021 - The Board of Directors (the "Board") of Global Invacom would like to provide the following information in response to questions raised by a shareholder in relation to the Company's Annual General Meeting for the financial year ended 31 December 2020:

Question 1:

Is the Group contributing to the Starlink project in some form?

Company's Response:

We prefer not to comment on specific projects generally as they typically relate to product development and are subject to confidentiality. However, any material news regarding any and all projects will be announced in the normal manner.

Question 2:

Are manufacturing operations back at full capacity since COVID-19 struck?

Company's Response:

After initial COVID-19 lockdowns in many countries, we are largely back to work in our factories and design centres. We are however not working at full capacity in our factories as there is a worldwide shortage of electronic components (mainly semiconductors) castings, printed circuit boards, transport (shipping and trucks) and labour (given that some governments are funding employees to stay at home).

Question 3:

Are there any future growth areas aside from DOS and DTH that may be promising for the Company?

Company's Response:

There is so much going on in Space industry-related technology at the moment. As a result, we find ourselves constantly appraising new opportunities that build on our core competencies.

For further information, please contact:

 
 Global Invacom Group Limited                 www.globalinvacom.com 
 Tony Taylor, Executive Chairman            via Vigo Communications 
 
 Strand Hanson Limited (Nominated Adviser    www.strandhanson.co.uk 
  and Broker) 
 James Harris / Rob Patrick / Ned Foulkes     Tel: +44 20 7409 3494 
 
 Vigo Communications (Media & Investor            www.vigocomms.com 
  Relations) 
 Jeremy Garcia / Charlie Neish                Tel: +44 20 7390 0238 
 ginv@vigocomms.com 
 

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with sites across Singapore, China, Indonesia, Philippines, Malaysia, Israel, UK and the US. Its customers include satellite broadcasters such as Sky Group of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.

Global Invacom provides a full range of satellite ground equipment including antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches, and video distribution components, as well as manufacturing services for the defence and healthcare sectors. The Group is the world's only full--service outdoor unit supplier.

Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.

For more information, please refer to www.globalinvacom.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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April 27, 2021 05:20 ET (09:20 GMT)

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